A short-term glut has pushed oil futures back to pre-war levels as Middle East exports jump, analysts said and price data show, but returning demand and...
Benchmark oil prices fell more than $3 on Wednesday to their lowest level since before the start of the Iran war as supply concerns eased with...
The federal government has said that local petrol production has increased from effectively zero in 2023 to about 48 million litres per day. Olu Verheijen, special...
Some stakeholders in the technology ecosystem have called for stronger collaboration among government, the private sector, academia and innovators to speed up digital transformation and position...
Pipeline Infrastructure Nigeria Limited (PINL) has credited improved pipeline security and sustained stakeholder collaboration as key drivers behind Nigeria’s recent surge in oil production, which saw...
Global primary energy demand is projected to rise by 23% by 2050 to nearly 383 million barrels of oil equivalent per day (mboe/d), driven largely by...
Brent crude ticked slightly higher on Friday but was still on track for a more than 8% weekly decline after Israel and Hezbollah agreed to a...
Nigeria’s Dangote Petroleum Refinery is seeking to raise about $1 billion through a private placement, valuing the company at approximately $39.1 billion, according to sources and...
Senator Ibrahim Dankwambo, chairman of the Senate Committee on Public Accounts, ruled after a voice vote by members of the committee that Mr Kyari should be...
Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd) in a performance test conducted by the Process...
Oil prices slipped around 3% on Thursday on investor hopes for an end to the U.S.-Israeli war with Iran that could lead to a reopening of...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has recorded N481 billion Profit After Tax (PAT) for April 2026. The development represents a sharp...
Oil futures fell more than 2% on Friday and were on track for their steepest weekly decline since early April after reports that the U.S. and...
Global oil prices were creeping back toward the $100-a-barrel mark Tuesday morning as U.S. strikes in southern Iran and uncertainty surrounding negotiations between Washington and Tehran...
Malabu Oil & Gas Ltd has filed a N1 trillion suit against the Federal Government over the splitting of the Oil Prospecting Licence (OPL) 245. Malabu...